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There are reports that President Trump plans to end the Deferred Action for Childhood Arrivals program, which has given hundreds of thousands of young immigrants a reprieve from deportation. We'll look at how recipients have been preparing, along with the role of immigration in Arizona's economy. Afterwards, we'll discuss how many Americans — especially millennials — aren't using their vacation days, and then explore the rise of Asian-inspired night markets in Southern California.
The U.S. created 156,000 jobs in August, while the unemployment rate ticked up to 4.4 percent. The verdict? We're doing OK — not that great, not that bad. Chris Low, the CEO of FTN Financial, joins us to help sort through all the numbers. Afterwards, we'll look at a new Texas law that tilts the scales a bit back towards an insurance company if you get in a fight with one.
Hurricane Harvey has caused up to $190 billion in damage, according to some estimates. That would make it the costliest natural disaster in the country's history. Diane Swonk, CEO of DS Economics, joins us to talk about Harvey's economic impact and how cleanup could affect the country's GDP. Afterwards, we'll chat with analyst Pavel Molchanov about the state of the United States' fuel infrastructure, and then look at how crowdfunding has changed disaster relief.
Hurricane Harvey may have an effect on gas pumps that aren't anywhere near Texas. With oil refineries shutting down production, we'll take a look at how much gas prices across the country could rise. Afterwards, we'll discuss whether Trump will still go through with a government shutdown if he doesn't get funding for his U.S.-Mexico wall, and then talk about 21st Century Fox's decision to stop showing Fox News in Britain.
Mutual and exchange-traded funds focused on U.S. stocks are seeing billions of dollars flow out. Are investors just happy about the money they've already made, or are they noticing something in the underlying U.S economy? Macropolicy Perspective's Julia Coronado is here to explain what could be going on. Afterwards, we'll chat with energy fellow Ed Hirs from the University of Houston about Texas' refineries, and then talk about the FDA's decision to crack down on companies peddling fraudulent stem cell treatments.
With Hurricane Harvey causing many refineries in Texas to temporarily shut down, we'll chat with Energy Intelligence analyst Barbara Shook about the effects this is having on crude oil and gasoline prices. Afterwards, we'll chat with University of South Carolina professor Robert Hartwig about why many people are left without flood insurance, and the difference between how much insured damage the industry has to pay out, and the overall economic cost of a natural disaster.
Fed Chair Janet Yellen is set to speak at the Fed's annual symposium at Jackson Hole today about financial stability. We'll chat with economist Diane Swonk about how our economy looks after a decade of easy monetary policy. Afterwards, we'll discuss how some companies are trying to make it easier to rent apartments on Airbnb.
We've had federal government shutdowns and we've bumped into the federal borrowing limit, but now there's danger of both happening at the same time. Economist Julia Coronado MacroPolicy Perspectives joins us to talk about the issue, along with the state of the markets. Afterwards, we'll discuss the likely CEO shake-up at Chevron, and then look at Los Angeles' plans for reflective pavement so that it can keep city streets cooler.
With the summer winding down, we'll check in with Westwood Holdings Group's Susan Schmidt about how the markets are doing. Afterwards, we'll discuss Staples' struggling sales, and then look at how some public libraries are starting to loan out musical instruments and telescopes.
President Trump is in Phoenix, Arizona for a rally where he'll try to score points on immigration and his plans for a border wall. But it turns out hiring border guards is getting harder. On today's show, we'll take a look at some of the reasons for their decline . Afterwards, we'll discuss how consumers have responded to advances in smartphones, and then talk about what could lie on the agenda for Jackson Hole, a meeting between central bankers and policy experts that begins today.